RP 2010 exports might reach $52 B

Philippine merchandise exports for January to October 2010 has already reached $43.05 B. This is $11.65 B larger than the January to October 2009 level of $31.40 B. Huge jump, indeed.

If the $4.3 B per month average exports this year will continue, if not grow larger, then the end-2010 level might reach $51.7 B or more, an all-time high. Total merchandise exports in 2008 reached $49.1 B, then dropped to $38.3 B in 2009 due to the global financial turmoil.